The UK Department for Transport (DfT) has announced that more than than £1m from the HGV Market Readiness Fund is being made available.
The funding will be granted to heavy goods vehicles (HGV) operators, manufacturers, financiers and chargepoint operators to work together to identify investment in HGV decarbonisation.
Launched in July, the fund is broken down into two strands: SME Fleet Analysis Support and HGV Consortium Builder.
Applications to the Consortium Builder strand closed in August and eight consortia have now been selected to receive funding.
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The SME Fleet Analysis Support funding strand is open until 9 December 2025. This fund helps Scotland’s smaller HGV fleets to access expertise and knowledge to understand their decarbonisation pathways.
UK cabinet secretary for transport Fiona Hyslop said: “The response from the sector to the HGV Market Readiness Fund has been strong, with innovative and high quality consortium projects proposed.
“I am pleased to award more than £1m to eight different consortia to support their collaborative decarbonisation efforts – and to do so during Scotland’s Innovation Week and just ahead of Climate Week.
“These groups will work to develop business cases for investment into HGV decarbonisation in Scotland and will expand their membership to support operators of all sizes to access support to decarbonise their fleets.
“The SME Fleet Analysis support funding strand remains open and I strongly encourage applicants to come forward to benefit from both financial support and industry expertise to fully explore their options to decarbonise their fleets.”
Achievements and innovations in sustainable transport planning will be recognised and celebrated at the fourth annual CiTTi Awards on 25 November 2025 at De Vere Grand Connaught Rooms in London. Visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector!
